Obermatt

Devon

NYQ:DVN · US25179M1036
Oil, Gas & Consumable FuelsX-Large

360

74
EV / EBIT64
Price / Owner Earnings20
Owner Earnings Yield58
Dividend Yield53
Price/Sales60
EV / Gross Profit30
Price/Book53
Return on Capital53
Cash Return on Capital68
Return on Equity69
EBIT Margin21
Gross Profitability75
Cash Conversion64
Accruals75
Owner Earnings Margin56
Sales growth92
Profit Growth89
Long-Term EPS Growth69
Reinvestment95
Price momentum67
Debt load36
Refinancing57
Debt Payback37
Liquidity45
Analyst ratings89
Opinion Changes58
Price Target Upside94
Market mood29
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Devon clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryUSA
IndustryOil, Gas & Consumable Fuels
SizeX-Large
TypePublic Company
ExchangeNYSE
Founded1988
Employees2,812
ISINUS25179M1036
Last UpdateApr 2, 2026
Themes
Developer PlatformEnergyOil and Gas

Description

Devon Energy Corporation (Devon) operates as an independent energy company. The company engages primarily in the exploration, development, and production of oil, natural gas, and NGLs. The company’s operations are concentrated in various onshore area…

Analysis

Middle-of-the-road

Devon Energy Corporation sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 26.9×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 10% a year, against analyst forecasts of 10%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is adequate. The company scores 12/20 on our value-creation score: creating some value.

Flags to be aware of: The financial cushion is thinner than comfortable. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
88
2023202420252026

All-time high

98

Mar 2026

All-time low

18

Jan 2024

Average rank

64

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
60
73
43
24
Price/Earnings
74
72
54
26
Price/Book
53
53
19
16
Dividend Yield
53
50
42
37
Value (overall)
73
66
31
9

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →